Employee Relocation Council Broker s Market Analysis and Strategy Report The Employee Relocation Council ERC is a global community of professionals developing and sharing cost-effective innovative and caring solutions to support the Mobile workforce. Refer to definitions on page 3 of this form. Also refer to ERC s manual on completing this form. This form is being completed for Home-Marketing Assistance Homesale Buyout Procedural Guidelines SUBJECT INFORMATION For procedures on contacting...
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ERC Market Analysis Form: Reaching the Right Price

ERC Market Analysis Form and Strategy Report: A Key to Reasonable Real Estate Prices

How do you know the best price for a house you want to sell as an owner or the best price for one you are willing to buy? As a seller, you want the price to be the highest possible. As a buyer, though, you are very likely to want to find reasons to reduce the asking price. Fortunately, part of a real estate broker’s responsibility is to analyze the condition and marketability of your property to come up with a reasonable estimate. The form used for this analysis is the ERC Market Analysis Form and Strategy Report.

Who needs an ERC Broker's Market Analysis Form and Strategy Report?

The ERC Market Analysis Form and Strategy Report is used by real estate brokers for professional purposes. An agent should conduct an analysis and complete this form by request of the person who wants to sell a property. This form should be completed to provide Home-Marketing Assistance or a Homesale Buyout.

What is the ERC Market Analysis Form and Strategy Report for?

Real estate agents file an ERC Form Market Analysis and Strategy Report when they are involved in a real property transaction, and when a thorough analysis of a property’s condition, and sales prospects has been requested.

The ERC form is a powerful tool for real estate agents to elaborate a well-grounded strategy for selling a property, as it helps to provide a property value estimate,  generate marketing strategy ideas, and give logical and persuasive recommendations to prospective sellers.

Is the ERC Market Analysis Form and Strategy Report accompanied by other forms?

The ERC BMA form acts as a proof of the price when a certain property is considered for purchase. This particular form doesn’t have to be accompanied by any other documents. However, when a transaction takes place, the Broker’s Market Analysis form is accompanied by the property disclosures, purchase and sale agreement, addendums if any, etc. The package recording the deal between a Seller and Buyer can vary depending on the state where the transaction occurs.

When is an ERC Broker's Market Analysis and Strategy Report due?

The validity period of the completed ERC Analysis and Strategy Report Form does not exceed 120 days, as the likely sales price can change over time.

How do I fill out ERC Market Analysis Form and Strategy Report?

A broker is in charge of the proper completion of the ERC BMA form. The form contains questions and checklists, answers to which provide sufficient information for the evaluation of the property. Broadly put, this report must cover:

• the address

• the owner’s contact information

• the real estate agent’s or firm’s contact information

• location description

• inspections/disclosures

• financing

• market conditions

• comparable sales

• marketing strategy, etc.

Where do I send ERC Broker's Market Analysis and Strategy Report?

The completed ERC Market Analysis form should be kept by the owner of the evaluated property and the broker who conducted the analysis and made the report. A copy of the form can also be furnished to prospective customers before completing the agreement of the property purchase.

Video instructions and help with filling out and completing erc bma form
Instructions and Help about worldwide erc broker's market analysis form

Hello and thank you for your attention today I will demonstrate how to create an erc BMA within the multi form application I will locate the icon on my desktop and double-click this will immediately open the software application to the forms the source form is on the left hand side notice erc BMA on the right hand side are the data files that are complete or in process notice the template erc we will revisit this in a little while to create a new form we go to the new file field and left-click we will enter a file name this relevant to the property for which we are doing the erc BMA we were satisfied with this name we hit the enter key this will bring the blank form up so that we can begin processing in order to expedite data entry we can copy information from an existing form we will accomplish this by hitting the f5 fetch data we can choose from different sections of the form that are relevant to this property in this particular case I will just choose section one on the left we will pick the file from which the data will originate when we are satisfied with these choices hit fetch data and then reconfirm it will copy over the standard information that's probably typical across most of your er cpma forms when you are ready to enter in the unique data specific to this property just begin typing hit enter between fields notice that there's field-level help throughout the form this will prompt a user to enter the best data appropriate for a specific field what we are completed when we have completed the data we can add pictures we will accomplish this by hitting the f10 print prep photo pages are called agenda within our application and we can choose a number of agenda that's appropriate for this specific form with the exception of the cover page each of these photo pages allows for three pictures per page for demonstration purposes I'll just select the cover page when we are done selecting our agenda choose the add photos button on the bottom this will bring me to the photo processing page start adding pictures I just left-click once it'll allow me to search on my hard drive or external drives for the pictures I want to add I can scroll down and pick a picture if I left-click once this will put the picture in the preview box below notice the system will also show me where I'm navigated to on the form always ensure your embed images feature is turned on so that the pictures are stored within the form itself if this is the correct picture we just hit the select button the system also allows you to process photos automatically so that it puts you into a continuous ad thus making the processing very quick when we are ready to review our data and edit our work we can minimize the size of the screen so that we can see more of it if the erc BMA is satisfactory we can package it and deliver it to wherever it needs to go we can fax it if our system is tied to a fax server email it through Microsoft Outlook or really any email external email package or we...